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Why is YNG struggling so much tho? I honestly don't keep up on it much. Dilution, losses? Google suggests they took a -0.03 loss for the last quarter, but that's not too bad. I think they'll come out of it. They seem to have a lot of potential, but they're trading for fire-sale prices.
You should add a chart to the iBox. Take a look at the board I mod for some ideas.
I agree 100%!!! What a buying opportunity!!!! GO YNGFF!!
It's honestly too cheap not to buy at this point.
How low can she go?? Gotta LOVE this correction if ya long, strong, and adding like me. :)
Looked like a paint job today. Still here everyday. Just waiting this correction out. Damn Chicago exchange had to ruin the party. Get those chepies while you can. Go YNGFF!
I agree, glad your still around Lojiko! Looks like we got some people selling because of the hard drop in the spot price. Gold has been consolidating for 5 months now. Dollar is begining to rally a bit. It will be short lived dollar rally of course, and then golds going parabolic IMO. $2000 a oz is on it's way this year and the current pps will look like peanuts when this happens. JMO. Go YNGFF!!
I can't understand why it's trading so low. If I had more cash, I'd totally be buying in right now. Still on the outside, looking in.
Ok, so I'll begin updating the board tomorrow night. What a day. Good PR released today. A/D line looking strong and RSI in the oversold territory currently. Now is a good entry point IMO. We have not seen prices this cheap since last August 2010!!!! Gold has not shot up since then has it? LMAO.
I'll party here all by myself if I have to. This is a solid stock in this Bull market and I intend on accumulating more. Go YNGFF!
How are we valued so low considering reserves? News today and with gold and silver correcting today it did no good. A/D line is beautiful and the RSI showed oversold. I owned this stock last fall and I know the potential here. Got me some today! Go YNGFF!!
I'm thinking possible buyout with all the big dogs around YNGFF in Nevada? Anyone?
just got back in this stock. I'm feeling real good about the future @ Jerritt canyon!! Go YNGFF!
CEO discusses the company
http://www.wsw.com/webcast/dahlman7/yngff/
Lo, I don't know if you saw my message from the other day. I want to show you something, but want to speak via private message. I'm a free customer, so I don't have that capability. If you can send me a private message please do.
Can you please come back to me via a private mesaage. I want to discuss something with you. thanks
There has been no talk of a stock buy back to my knowledge, so if they did if would be a surprise. Heard nothing on dividends either. News has been sparse with these guys.
Do you think they have any intentions of a stock buy-back? That's the only way I can see this ever moving significantly, in a short period of time. Dividends would help too.
I actually sold my holdings in YNGFF shortly after their last earnings report came out. The reason being they supposedly had about $3.5M worth of gold stolen and couldn't account for it. That kind of spooked me.
They are still ramping up production from one of their mine locations that had been shut down a couple years ago, so their numbers should be improving. I don't think they've put out a PR of significance since their last earnings report, so the SP has kind of languished here and is probably a buy below .80
Right now I've got most of my eggs in the PTQ basket and feel at this point that is my better bet. I still like YNGFF, but want to see their operational side improve.
jal, you probably watch YNGFF more than I do. What's your opinion of a valuation based on earnings? I was looking over the most recent corp presentation and, based on projected production of 250K ozs in 2011, at $1300/oz and $580/oz costs, that's $180M / 1B shares fully diluted = $0.18/sh * 10 or 15 depending on how optimistic you are and you get about $1.80 to $2.70 per share.
However, that goes to 400K ozs in 2012, 650K in 2013, 800K in 2014, and 950K in 2015. Based on aforementioned valuation, assuming no dilution no increase/decrease in costs, we get a projected SP of ...
2012 - $2.88 to $4.32
2013 - $4.68 to $7.02
2014 - $5.76 to $8.64
2015 - $6.84 to $10.26
How realistic/reliable do you think these projections are? What's the expiry date on those 258M warrants? I'm thinking PTQMF will go farther, faster, but w/o good long-term projections, I'm tempted to take a stake in YNGFF in that it seems like a surer bet.
Why doesn't this board have a mod? This board needs a cool iBox.
PS - I wish I would have bought this six months ago!
76 DAYS ON BUYINS.NET >>>>
http://www.buyins.net/tools/symbol_stats.php?sym=yngff
66 days on list >>> http://www.buyins.net/tools/short_list.php?dys=>12
Earnings are out on Nov. 15th, they should be very good. Looking for some big SP appreciation. Heading over $1 very soon.
Hi Everybody. Yes, I think this could be $1 by year end, even with the fairly recent run-up they're had the SP is still cheap for a 150K/yr. producer with alot of potential.
Thanks for the Figures
Really helpful Lojik
mirox
Certainly looking good. A quick in situ valuation based just on Jerritt Canyon suggests to buy under $0.41 and sell above $1.65 at the current O/S. What has me concerned is the valuation based on the fully diluted O/S of 900M. If that's the case, based on Jerritt Canyon alone, the valuation is more like:
2.5M ozs MII * $1000/oz gold = $2.5B resource
$2.5B * 0.1 = $250M / 900M shares = $0.27
So buy below $0.27/sh, sell above $1.11.
Factoring in Ketza River, we have a total resource of about 3.2M ozs.
3.2M ozs MII * $1000/oz gold = $3.2B resource
$3.2B * 0.1 = $320M / 600M shares = $0.53
So buy below $0.53/sh, sell above $2.13
At the fully diluted O/S, it's more like buy below $0.35, sell above $1.42
Did I miss anything?
$.62
might need a little breather here, huh
Enjoy the scenery
mrx
$.50
. . . . I guess that's pretty much it for awhile, huh
mrx
Up Another 7%
$.43 after the first hour of trading Friday 13, 2010
mrx
Close Above $.40
Gold up season just starting
Yngff has a strong head of steam going into it
mirox
$180 Million of Gold per Year
at $1200/ounce
From news release 9 August 2010
Vancouver, BC -- August 9, 2010 -- Yukon-Nevada Gold Corp.'s (or "the Company") (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) President and CEO Robert Baldock wishes to advise the market that following its May annual scheduled maintenance shutdown, major maintenance work program and subsequent re-start of the facility, the Company has reached a steady state of plant operation and gold production. This has demonstrated the ability to produce gold for 2010 at an annualized rate of 150,000 ounces per year.
High today $.39
Close $.38
mirox
P.S. VTSI moving up from base
Highest Close Since 12 August 2008
$.37 is the highest close for Yukon Nevada for nearly 2 years and momentum indicates higher to come
seasonality points to a much higher price
Aug 12, 2008 0.38 0.39 0.34 0.38 64,400 0.38
mirox
Lojiko,
I hear you on PTQ. I like it as well and have a meaningful investment there. However, I honestly see the upsides as comparable, whereas the downside for PTQ is much greater until that refinancing is completed (which will hopefully be soon, if recent stock performance is an indicator). Also, on the margin, I'd prefer assets in Nevada and Canada to Panama, although that's not a deal breaker.
As with PTQ, near-term catalysts for YNG should be materials:
- Announcement of achieving 150k run-rate production (should be imminent)
- Drilling results
- Announcement of new 43-101 (last one was done in 2007 using $520 gold price ... updated one will use $1,000 gold and include another 15-20k meters of drill results)
- Announcement of ore purchase/processing deal with NEM and/or ABX that could bring their production levels up to 300-400k
I have them doing in $200+ mm of CFO at least in 2012 at current gold prices ... not bad for a company with a market cap (adjusted for warrant proceeds) of under $250mm!
I'd be more inclined to buy if I weren't all in with PTQMF. Currently waiting on refinancing news, drill results, annual summary, and possible spin-off dividend. YNG is looking good tho ... if I have to chase it up, so be it.
Watch List or Buy List
YNGFF announced $25million in funding secured 13 July 2010 and gold is currently coming out of the ground.
"World Class Jerritt Canyon Project Back In Sustainable Production" www.yukon-nevadagold.com
YNG (TSX) YNGFF making strong upward move this week on improved volume
YNG at high for 2010: C$ 0.32
Looking to better all time high of $2.54 of 1 January 2007
Your basic 8 bagger
Watch or Buy
You choose
mirox
Howdy, jml. I'm your latest boardmark. Figured it wouldn't hurt to add YNG to my watchlist.
Yukon-Nevada vs. Petaquilla Minerals
I thought folks on this Board would appreciate a posting I just made on the Petaquilla Minerals board -- http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51444216
Thanks
.2774
Bold rise last few days with increased volume
mirox
May be back in one of these days, but not to compelled to do so at the moment.
Hoping Junky Comes Back
Maybe in August
mirox
Reg-SHO watch list
So happy to see yngff not on this list
looking for 10 bags
mirox
Fair disclosure. I sold on the (release of the national news) article 2 days ago at .0344 for a very nice (310%) gain. Will buy back when the technicals indicate the next short to mid term bottom. We are now in very over bought territory. Look at nbri today, guys & gals.
lets end the day with $.40!!! keep on climbing!!!
Wow .04 drop @ opening today!!! come on baby! You can do better!!!
By ADELLA HARDING - Mining Quarterly Editor
Published: Sunday, October 18, 2009 9:29 PM CDT
ELKO— Yukon-Nevada Gold Corp. subsidiary Queenstake Resources today pouredits first bar of gold in four and a half months at the Jerritt Canyonmill north of Elko while preparing to restart the mill’s roasters.
“We’rewarming up the roasters as we speak,” Yukon-Nevada Chief OperatingOfficer Graham Dickson said as he awaited the gold pour using materialthat had been processed before the shut down at the end of May andgathered during clean-up work.
“It’s been a long time coming,”Scott Alcorn, the operations superintendent, said after viewing thegold pour that netted a bar weighing almost 537 ounces.
At agold price of $1,050 per ounce, the bar is worth $563,850 dollars. Theprice has been in the neighborhood of $1,050 in recent days.
Dicksonsaid crews started the roasters after learning Thursday that ElkoDistrict Court Judge Andrew Puccinelli signed the consent decreeQueenstake and the Nevada Division of Environmental Protection hadalready signed allowing Jerritt Canyon to begin operations again.
NDEPhad allowed Queenstake to restart the mill last spring but ordered themill shut down again after the company missed a May 30 deadline toinstall new mercury air emission controls.
Dickson saidYukon-Nevada plans to produce roughly 150,000 ounces of gold in thefirst full year of production at Jerritt Canyon once the mill reachessteady-state operations to produce gold from stockpiles and beginsunderground mining again at the Smith and SSX mines.
“We hope to have Smith up before Christmas and SSX in the new year,” Dickson said.
Yukon-Nevadacurrently has 104 employees at Jerritt Canyon and four of them arerehabilitating the underground mines in preparation for the resumptionof mining, he said. The others have been working on repairs and gettingthe mill ready to go and on environmental tasks.
“We’ve been trying to get things done properly instead of patching up,” Dickson said.
Hesaid the roasters will take five to six days to heat up, and then themill will begin processing the ore from the stockpiles that containroughly 100,000 ounces of gold.
The return to production willbring in cash to repay creditors and complete severance and medicalpayments to former employees, Dickson said.
News that operationsare resuming also has boosted Yukon-Nevada share prices that were 2cents this time last year and are now at 34 cents, he said.
Thecompany laid off 400 employees when it shut down the mine in August2008, and the employees received only half of their severance, and anumber of them still have outstanding medical bills from the time whenQueenstake insurance benefits covered their care.
Under theconsent decree, Queenstake agreed to pay a $550,000 settlement to NDEPover past environmental issues, as well as agreeing to comply withenvironmental regulations and installing the mercury air emissionsequipment to meet NDEP requirements. The controls were installed July20.
The equipment is designed to reduce mercury air emissions toroughly 175 pounds per year from an estimated 1,700 pounds reported in2007, according to NDEP.
Meanwhile, Yukon-Nevada is hoping toraise more money to support the startup by inducing those with privateplacements that closed in December 2008 to exercise their warrantsearly.
“The warrants are attached to private placements. We’reasking everyone to exercise their warrants early,” spokeswoman NicoleSanches said Friday.
The private placement includes 172.4million warrants, with a portion exercisible at 7 cents per share andanother portion at 9 cents per share.
Monday market open, +.048 at .3806
Someone is buying big time, in spite of all of the past, (and to many), present management mis-management.
Been back in this one from .08 (news of re-opening Jerrett).
Up 328% presently, but still need a doubler from this price level to make up for losses from 4-5 years ago when Dusty #*&@ drilled the company to death.
http://www.yukon-nevadagold.com/s/Home.asp
When this board was created the last PPS was $.2515 lets see where we go from there!!!
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